Dun & Bradstreet Holdings, Inc. (NYSE:DNB) Position Lifted by Clark Estates Inc. NY

Key Points

• Clark Estates Inc. NY increased its stake in Dun & Bradstreet Holdings, Inc. by 19.5%, now owning approximately 5.1% of the company's stock, worth around $23.85 million.
• Dun & Bradstreet reported a quarterly earnings of $0.21 per share, exceeding analysts' expectations, with a revenue increase of 2.7% year-over-year to $579.80 million.
• Insider trading activity included significant sales by Director Chinh Chu and Chairman William P. Foley II, with Chu selling over 10.8 million shares, indicating a notable decrease in their holdings.

Clark Estates Inc. NY lifted its holdings in Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) by 19.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,667,886 shares of the business services provider's stock after acquiring an additional 435,896 shares during the period. Dun & Bradstreet accounts for approximately 5.1% of Clark Estates Inc. NY's holdings, making the stock its 4th biggest holding. Clark Estates Inc. NY owned 0.60% of Dun & Bradstreet worth $23,851,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DNB. Oak Thistle LLC purchased a new stake in shares of Dun & Bradstreet in the first quarter worth approximately $93,000. Neo Ivy Capital Management bought a new stake in shares of Dun & Bradstreet during the fourth quarter worth $96,000. Vest Financial LLC purchased a new stake in shares of Dun & Bradstreet during the first quarter valued at $106,000. True Link Financial Advisors LLC bought a new position in shares of Dun & Bradstreet in the first quarter worth about $114,000. Finally, Brown Miller Wealth Management LLC purchased a new position in Dun & Bradstreet in the 1st quarter worth about $122,000. Hedge funds and other institutional investors own 86.68% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Needham & Company LLC reissued a "hold" rating on shares of Dun & Bradstreet in a research report on Friday, May 2nd. Raymond James Financial lowered Dun & Bradstreet from a "strong-buy" rating to a "market perform" rating in a report on Friday, June 13th. Finally, Wall Street Zen began coverage on Dun & Bradstreet in a report on Wednesday, May 21st. They set a "hold" rating on the stock. Eight equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $11.86.

Insider Activity at Dun & Bradstreet

In other news, Director Chinh Chu sold 10,885,403 shares of Dun & Bradstreet stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $8.95, for a total value of $97,424,356.85. Following the transaction, the director owned 23,810 shares of the company's stock, valued at $213,099.50. The trade was a 99.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 10.44% of the company's stock.

Dun & Bradstreet Price Performance

Shares of NYSE DNB remained flat at $9.10 during midday trading on Friday. 2,487,259 shares of the stock were exchanged, compared to its average volume of 2,287,750. The stock has a market cap of $4.06 billion, a P/E ratio of -182.00 and a beta of 1.12. The stock's 50 day moving average is $9.08 and its 200 day moving average is $9.39. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.62 and a current ratio of 0.62. Dun & Bradstreet Holdings, Inc. has a 1 year low of $7.78 and a 1 year high of $12.94.

Dun & Bradstreet (NYSE:DNB - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The business services provider reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.20 by $0.01. Dun & Bradstreet had a positive return on equity of 11.51% and a negative net margin of 0.88%. The business had revenue of $579.80 million for the quarter, compared to the consensus estimate of $578.02 million. During the same period last year, the business posted $0.20 EPS. The business's revenue was up 2.7% compared to the same quarter last year. Equities analysts predict that Dun & Bradstreet Holdings, Inc. will post 0.96 EPS for the current fiscal year.

About Dun & Bradstreet

Dun & Bradstreet Holdings, Inc engages in providing business decisioning data and analytics solutions. The firm is involved in providing information with its solutions to support its clients with critical business operations. It offers end-to-end solutions to clients in the small business, finance, sales & marketing, third party risk & compliance, and public sectors.